Bio

Bob Walters established The Bank Advisory Group in 1989. For ten years prior to that, Mr. Walters formed and headed the community bank merger & acquisitions and bank stock valuation advisory services of Sheshunoff & Company. As a result, Mr. Walters has represented hundreds of banks through brokering selling banks, and through developing negotiating strategies, formulating pricing and transaction structure alternatives, and determining pro forma financial performance opportunities for bank buyers and bank merger partners. By representing selling banks, buyers of banks, as well as partners in “merger-of-equals” transactions for over three decades, Mr. Walters has compiled a depth and breadth of experience that is unparalleled in the community bank M&A advisory business. Additionally, since 1980, Mr. Walters has participated in well over 1,500 client relationships involving the evaluation of both “control” and “minority” blocks of community bank stocks. In this regard, Mr. Walters has provided expert witness testimony regarding the valuation of community bank stocks, and the overall financial performance characteristics of the community banking industry. He is a recognized expert in quantifying the financial determinants of community bank value for both “control” and “minority” ownership positions, and he holds a Certified Valuation Analyst (CVA) designation from the National Association of Certified Valuators and Analysts (NACVA). Mr. Walters is also the Managing Partner of The Bank CEO Network, an educational program founded in 1992 that provides current information on the banking industry to community bank presidents and chief executive officers throughout the United States. This constant and continuing interaction with community bank CEOs affords Mr. Walters the opportunity to identify and analyze emerging trends within the banking industry. In the late 1970s, Mr. Walters pioneered the use of the federal “Call Report” data to design numerous bank peer group financial analysis tools that have become nationally-recognized standards. Additionally, in the 1990s, Mr. Walters developed analytical tools utilizing financial and market price data derived from publicly-traded banking organizations that identify and correlate bank financial performance measures with bank stock market price performance. Consequently, Mr. Walters is well-recognized as an expert in the field of community bank financial performance analysis. He started his career at Touche Ross & Co. in Austin, Texas, ending as a senior accountant. Mr. Walters graduated from Texas A&M University with a BBA in Accounting in 1972, and is a Certified Public Accountant (CPA). The Bank Advisory Group is not, however, a CPA firm.